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Trust / Savings Account for Godchild

Hi all,

I've just had the honour of being asked to be the godfather of my friend's baby.

I'd like to set up some sort of savings account that I can pay into monthly, but not sure what the best option is for this sort of thing - I'd thought it was a trust, but can't really find any info about them for people who aren't relatives.

I want it to be hassle-free, I hate paperwork and anything involving managing finances, so I certainly don't want to commit to something for 21/25 years if it's going to involve a lot of work!

Can anyone suggest the best way of doing this?

Thanks,

Rick
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RichCowell
Twitter @RichCowell
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